Replies to post #567185 on Mr Cooper Group Inc (COOP)

[ron_66271]

Yes, AZ is Right.

By Example;
Long Beach Mortgage Loan Trust 2000-1
Asset Backed Certificates
March 21, 2019 Distribution


The ABS Trusts Trustees are making distributions. The language of a ABS prospectus reads that all Creditors of the BK must be addressed before distributions can resume. The last WMI creditors were addressed and paid in full on Feb 25th. Now that all creditors are addressed, the ABS Trusts Trustees can commence with distributions to the holders of the Certs.

So yes we should be experiencing distributions at anytime now. There is no reason not too.

Unless;
I hope Alice's sloppy filing didn't gummed-things-up.


=> AZ is Right <=